SPARTANBURG, S.C., Jan. 30 /PRNewswire-FirstCall/ -- Advance America, Cash
Advance Centers, Inc. (NYSE: AEA) announced today that its Board of Directors
has appointed Tony S. Colletti to serve as a director of the Company.
Mr. Colletti operates Colletti & Associates, a public affairs firm based
in Chicago, Illinois. Prior to opening Colletti & Associates in 2007, Mr.
Colletti was the Executive Vice President of the Community Financial Services
Association (CFSA) from 2004 until 2007, where he was responsible for state
and federal legislative efforts. Prior to joining CFSA, he served as a
government relations specialist and practiced business and real estate
development law for a number of firms and associations. Mr. Colletti has over
30 years of experience in corporate leadership and public affairs strategies.
He earned a B.S. degree from Bradley University and a J.D. from the University
of Notre Dame Law School.
Commenting on Mr. Colletti's appointment Billy Webster, Advance America's
Chairman, stated: 'Tony Colletti is one of the premier government relations
experts in the United States. In addition, Tony understands that hardworking
families deserve the freedom to chose among their credit options, and that
millions of Americans use our products and services to help them overcome
unexpected financial difficulties. We are fortunate to have someone with his
knowledge of our industry and business experience serving on our board. We
will greatly benefit from his expertise.'
About Advance America
Founded in 1997, Advance America, Cash Advance Centers, Inc. (NYSE: AEA)
is the country's leading provider of cash advance services, with approximately
2,840 centers and 79 limited licensees in 33 states, the United Kingdom and
Canada. The company offers convenient, less-costly credit options to consumers
whose needs are not met by traditional financial institutions. The Company is
a founding member of the Community Financial Services Association of America
(CFSA), whose mission is to promote laws that provide substantive consumer
protections and to encourage responsible industry practices.
Forward-Looking Statements and Information:
Certain statements contained in this release may constitute
'forward-looking statements' within the meaning of federal securities laws.
All statements in this release other than those relating to our historical
information or current condition are forward-looking statements. For example,
any statements regarding our future financial performance, our business
strategy, and expected developments in our industry are forward-looking
statements. Although we believe that the current views and expectations
reflected in these forward-looking statements are reasonable, those views and
expectations and the related statements are inherently subject to risks,
uncertainties, and other factors, many of which are not under our control and
may not even be predictable. Therefore, actual results could differ
materially from our expectations as of today and any future results,
performance, or achievements expressed directly or impliedly by the
forward-looking statements. For a more detailed discussion of some of the
factors that may cause our actual results to differ from our current
expectations, please refer to the 'Risk Factors' section of our Annual Report
on Form 10-K for the fiscal year ended December 31, 2007 and our Quarterly
Reports on Form 10-Q for the fiscal quarters ended March 31, 2008, June 30,
2008 and September 30, 2008, copies of which are available from the Securities
and Exchange Commission, upon request from us, or by going to our website:
www.advanceamericacash.com.
SOURCE Advance America, Cash Advance Centers, Inc.
